Word: magsaysayism
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Dates: during 1950-1959
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First gift announced by the Rockefeller-endowed Philippine foundation named for the late President Ramon Magsaysay: $10,000 to India's gentle, bearded Vinoba Bhave (TIME, May 11, 1953), for community leadership. A dhoti-clad disciple of Mohandas Gandhi, Ascetic Bhave seven years ago set out walking the land to talk landowners into giving 50 million acres free to landless families, so far has collected some 7,000,000 acres, 2,500 entire villages. Said the citation: "He has sought nothing for himself, least of all recognition of his achievements, and has won the highest respect of his countrymen...
...month for Thai. Now the planes are grounded because the airline does not have enough money to operate them. Philippine Air Lines almost came a cropper by pushing too hard on international flights to the U.S., Japan and Europe, lost so heavily that the late Philippine President Magsaysay finally called a halt...
Chits for Cash. While Magsaysay scrupulously refused to accept campaign contributions himself, Garcia let it be known that he would accept contributions personally-or they might be given to his wife, whose financial acumen and taste in jewelry are much admired in Manila. For a long while, permission to withdraw dollar reserves from the Central Bank was granted only when accompanied by chits initialed by Garcia. During his six-month campaign, the bank's dollar reserves dropped $90 million as a result of heavy but legal withdrawals...
...weeks after President Magsaysay's death, the new Garcia administration gave an organization called the Philippine Coconut Producers' Federation permission to barter copra for foreign goods. The federation, Senate investigators later learned, was merely a front for a naturalized Chinese operator who exported only a fraction of the copra he was supposed to, but managed to reap a tidy $600,000 profit by selling to Manila merchants his dollar import allocation...
Shadow Cabinet. Sitting in an outer wing of the presidential palace watching these goings-on is young Vice President, Diosdado Macapagal, a Magsaysay follower who, running on the Liberal ticket, got more votes for Veep than did Nacionalista Garcia for President. Since Macapagal refused to change his party after the election, Garcia barred him from any Cabinet post. Completely isolated ("I only learn what's going on from reading the newspapers"), Macapagal has been subjected to every kind of palace snub. If his air conditioner breaks down, maintenance men take weeks to fix it. When official limousines were handed...